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>> food stamps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the improvement and things will snap back into place when the economy and the recovery snaps back into place. but right now it is untenable. >> in terms of relaxing standards, some of this is -- for example, someone wwill have toualify for work in order to get this. that seems like a good policy to me. >> i agree with that, but there's a lot of pride fraud in the program and that is indisputable. and the people on both sides have their own opinions. let me finish. you will from both sides want to help the poor out. everyone wants to help the poor out. help them, give them a job. the problem is there is abuse of the system that is being underreported and understated by the democrats who are basically saying that it's nonexistent. i totally disagree with that. >> the studies say that the fraud rate is very low. >> it is misreported. >> it's not just for families. >> yes, it is. th
>> food stamps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the improvement and things will snap back into place when the economy and the recovery snaps back into place. but right now it is untenable. >> in terms of relaxing standards, some of this is -- for example, someone wwill have toualify for work in order to get this. that seems like a good...
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Dec 9, 2013
12/13
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the deal would do nothing to significantly reduce the deficit. nor does it raise taxes nor reform entitlement programs like medicare and social security. democrats say it's not a deal breaker if it's not done by january. they could target about $65 billion in alternative policies. the spirited bipartisan may exist elsewhere on capitol hill as well. last week lawmakers said they've made progress towards passing the first new five-year farm bill since 2008. they've yet to agree on the most politically sensitive topic though, how much to trim from the u.s. food stamps program. house republicans want to cut spending by 40 billion while senate democrats have agreed to trim 4 billion. that's what we're watching in washington next week. >> not much of a gap between 40 and 4. thanks for that, mary. >>> joining us for more is morris reid managing director tina fordham is still in the studio. morris, thank you for joining us. are we going to get an agreement this week on something? >> i think so. there's a lot of pressure on congress from the business comm
the deal would do nothing to significantly reduce the deficit. nor does it raise taxes nor reform entitlement programs like medicare and social security. democrats say it's not a deal breaker if it's not done by january. they could target about $65 billion in alternative policies. the spirited bipartisan may exist elsewhere on capitol hill as well. last week lawmakers said they've made progress towards passing the first new five-year farm bill since 2008. they've yet to agree on the most...
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Dec 10, 2013
12/13
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it's a no go said unions would stop by the deal would address concerns i have a budget deficits in the company's pension scheme the appeal. it could end up going to build up in the defined benefit scheme. i was a critical of any leaves that will be that is the necessity of industrial action. that's a relief to be put into deals. what we had to take action to defend the members' rights we did so with honesty of comics ftp and we want. my sisters and friends know can expect to his beliefs but its effect to say the boppy have now is that it's a sort of opposing piece that went to st nicks and china. i mean secondly the unions did get an acknowledgment from the esb that this is a defined benefit scheme that was important than people in acknowledgment that if the deficit doesn't rise in future it to be hunted in the way it has been upped to head up to now a restoration of the status quo if you like what is on here is what impact this is going to hop on the esb accounts because the esb issued a statement last night saying that it would result in no additional liability on the esb on etsy now
it's a no go said unions would stop by the deal would address concerns i have a budget deficits in the company's pension scheme the appeal. it could end up going to build up in the defined benefit scheme. i was a critical of any leaves that will be that is the necessity of industrial action. that's a relief to be put into deals. what we had to take action to defend the members' rights we did so with honesty of comics ftp and we want. my sisters and friends know can expect to his beliefs but its...
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i would put the emphasis down to get the trade deficit close closer to balance. liz: you think the weaker dollar is better. exports looked not certainly so bad. exports were up. people are buying our good overseas. >> well, it was some improvement but we actually revised down the previous numbers, previous month ace numbers. so it wasn't much of an improvement. we have a ways to go. we have a deficit of 500 billion. maybe we're moving in the right direction but if so, very slowly. we have to pick up that pace. liz: precursor to the government's jobs number report, adp, came out yesterday. look better than expected, 218,000 jobs created what are you expecting from the labor department tomorrow? >> i will be a pessimist, 141, 50. last month was strong numbers. strong growth in retail employment. very strong growth, manufacturing construction. i think latter two were a mom lace. the -- anomalies. think people are doing earlier than normal hiring, christmas hiring. a lot of hiring that would normally take place in november took place in october. i think i ace weak st
i would put the emphasis down to get the trade deficit close closer to balance. liz: you think the weaker dollar is better. exports looked not certainly so bad. exports were up. people are buying our good overseas. >> well, it was some improvement but we actually revised down the previous numbers, previous month ace numbers. so it wasn't much of an improvement. we have a ways to go. we have a deficit of 500 billion. maybe we're moving in the right direction but if so, very slowly. we have...
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Dec 4, 2013
12/13
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training sites which are often protected and many nato member states are sitting in silence oh five deficit the military training areas throughout europe and north america are among the richest and most important sites will find deficit the often because they are that it's not open to the general . but also because environmental awareness and whites tactical use of natural resources is encouraged among soldiers military training areas are increasingly recognized as sites of hype by a diversity large numbers of threatened and endangered species exports from india its beans and nine. listen to it in fooling you into watching it in two thousand that the ufc is the main import of indian spices contributed sixteen points and up until the next week that you like dirt bikes i know that nine percent annually and maybe share each week six but since it's sunday a baby on the menu she jumped on singapore and the uk i don't need to destinations for beginning sports it is at the european union to open them on this amenable to the ongoing suffering debt crisis and four great books despite these problems
training sites which are often protected and many nato member states are sitting in silence oh five deficit the military training areas throughout europe and north america are among the richest and most important sites will find deficit the often because they are that it's not open to the general . but also because environmental awareness and whites tactical use of natural resources is encouraged among soldiers military training areas are increasingly recognized as sites of hype by a diversity...
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liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the company recalling 1400 robotic surgery systems because of concerns the devices could stall and that was bad news for the stock. "after the bell" starts right now. liz: i could say this was massive action but if you're just tuning in and look these numbers are not that great, we were way lower but also way higher. let's break down the market action. portfolio manager who doesn't expect to taper anytime soon despite the strong adp report. what it means for your investment and todd horvitz. what interesting market behavior today, as we went into the 3:00 p.m. eastern show we had crossed the flatlined, so tough to find direction. >> it was like a big soap opera today. they laughed, they cried, they took them down, they took them up. closed around the flatlined. the market is very volatile, everybodeverybody's pointing toy jobs number. all the other news, real
liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the company recalling 1400 robotic surgery systems because of concerns the devices could stall and that was bad news for the stock. "after the bell" starts right now. liz: i could say this was massive action but if you're just tuning in and look these numbers are not that great, we were way lower...
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Dec 10, 2013
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the deficit is going to come down because outlays are frozen and receipts look pretty good. the bigger story is that all this confusion in the markets and corporate america, among investors over fiscal policy, i think, now gets eliminated for a nice stretch, maybe a year and a half, without everyone having to worry about a shutdown or a debt ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with the tea party members? >> nothing gets through the house easily. it will be a tough one, ross, as we get through thursday and friday. there will be a lot of tea party members .some democrats who don't like another hit on federal employees who can balk. but i think the majority, which will be boehner and the republican leadership with pelosi and most democrats, that coalition that we've seen a couple of times already this year, i think, will prevail on friday and we'll get a deal. >> okay. which as you say would take pressure away from us heading into 2014. does that take away one other potent
the deficit is going to come down because outlays are frozen and receipts look pretty good. the bigger story is that all this confusion in the markets and corporate america, among investors over fiscal policy, i think, now gets eliminated for a nice stretch, maybe a year and a half, without everyone having to worry about a shutdown or a debt ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with...
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Dec 4, 2013
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collective and to provide heat to maintain a system where the passenger an individual can tell that the deficit all the park is open to counter anti pulled out of the chinese academy of scientists shows. and if he doesn't love an adopted over the place and can count about two point five two he ran for four hundred and doing your dollars. but the real numbers to forty four point three billion us dollars. now with almost three hundred pics in piccadilly raquel is distorted. well the problem is their duty. both central and provincial government to allocate enough money to person contact. they don't want you to put money into the pentagon to always appreciate. chinese leaders expressed their opinions on the internet one roof top. i paid over three decades of conscience or be nice to me might come to camp really have money left. the problem is that although the end of the retirement age. what if i still have no money might have to count them. another one complaint about the attitude toward and to quote mike and i determined that today would lead the charge for pension issue the nineteen ninety five
collective and to provide heat to maintain a system where the passenger an individual can tell that the deficit all the park is open to counter anti pulled out of the chinese academy of scientists shows. and if he doesn't love an adopted over the place and can count about two point five two he ran for four hundred and doing your dollars. but the real numbers to forty four point three billion us dollars. now with almost three hundred pics in piccadilly raquel is distorted. well the problem is...
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Dec 6, 2013
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however, there's very little long-term deficit reduction in this deal. we're talking about putting off decisions about raising taxes or cutting medicare and social security. we also have a last-minute hangup over unemployment benefits, the extension of unemployment benefits. democrats want that, republicans say they're not that serious about it, it's not clear whether or not democrats are going to put their foot down and say no deal until then. what i think we know is that there will not be a deal today. house leadership aide told me he expects early next week a deal to be announced by patty murray, the democratic chair of the budget committee in the senate. paul ryan, the republican budget committee chair in the house. then the house and senate pass it before christmas. they leave next week actually for their christmas break. so they would end the year on a positive note. it would dramatically reduce the risk of a government shutdown in january and does not resolve our long-term budget issues. >> does it resolve the debt ceiling deadline which is some t
however, there's very little long-term deficit reduction in this deal. we're talking about putting off decisions about raising taxes or cutting medicare and social security. we also have a last-minute hangup over unemployment benefits, the extension of unemployment benefits. democrats want that, republicans say they're not that serious about it, it's not clear whether or not democrats are going to put their foot down and say no deal until then. what i think we know is that there will not be a...
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Dec 5, 2013
12/13
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we've got the deficit cut, we've got public spending finally coming down. as you've said, the budget surplus on the horizon, that's big news. he will say austerity and balancing the books needs to be central to the government's policy going forward. now, whether that's pushing out the pensionable age or a further squeeze on public spending, some of that detail is going to be heard, it's going to be changes to energy prices, it's going to be changes to possibly some of their corporation tax, a freeze on business rates, but essentially it's going to away fiscally neutral budget with a tone saying tax cuts, they may kot come in the future, but not until we've secured recovery. we will have, however, gdp revisions up towards. the uk economy is booming. some experts are saying that the uk could be the most successful economy within the fw7 nations by the end of the year. with us here to discuss that further is steve radially, director of policy at trade manufacturing body eef. steve, finally, do we have a balanced recovery in the uk? we had positive manufacturin
we've got the deficit cut, we've got public spending finally coming down. as you've said, the budget surplus on the horizon, that's big news. he will say austerity and balancing the books needs to be central to the government's policy going forward. now, whether that's pushing out the pensionable age or a further squeeze on public spending, some of that detail is going to be heard, it's going to be changes to energy prices, it's going to be changes to possibly some of their corporation tax, a...
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Dec 2, 2013
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it was the highest deficit in history. when i asked him about tapering, he said anything that's good for the u.s. economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this week in bahrain, foreign ministers from the united states, from the u.k., gulf states, egypt will be meeting and sitting down. they invited their iranian counterpart as well. we can learn more about how this agreement is going to play out. >> yeah. so we'll have to see how that plans out, hadley. another follow-up. cutting things, that's interesting when we're wondering what was going to happen with iran. >> exactly. he gav
it was the highest deficit in history. when i asked him about tapering, he said anything that's good for the u.s. economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the...
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Dec 6, 2013
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account deficits even when commodity prices were at their peak. and it's pretty clear that chinese growth is growing. it shifted away from the heavy commodities driven industries. there's a lot of investment over the last couple of years, pushing up gdp, and they're all looking to find a way to replace the stimulus that they've had from that commodities sector, from its growth, and that's going to be hard to find. weakening the currency is the most obvious path to follow and they're all doing it. i think in g-10 it's done as a o policy tool. >> traders on g-10 today with the u.s. nonfarm payrolls coming out, steven england, i'm going to ask you about that in just a bit. >>> now we're shaping up in equity markets, ahead of that all-important jobs number out of the states, so far we've got a market that is moving higher, 0.4% firmer is the early picture. the german market has been strong today. you're seeing selling across on the periphery. you can see the state of play. you can see the xetra dox nax n 0.6% higher. it is gaining pace through wrought
account deficits even when commodity prices were at their peak. and it's pretty clear that chinese growth is growing. it shifted away from the heavy commodities driven industries. there's a lot of investment over the last couple of years, pushing up gdp, and they're all looking to find a way to replace the stimulus that they've had from that commodities sector, from its growth, and that's going to be hard to find. weakening the currency is the most obvious path to follow and they're all doing...
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Dec 7, 2013
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. >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no interest in stag nateing wages. mr. obama i'm sorry to say bought into that diversion. now, however, he is moving on. isaac, do you share that reading that paul had, two, three years ago, everybody in washington was old souls on a deficit reduction including the president, himself, now even president obama is showing publicly an inclination to show that warren style populism. >> i think the rhetoric has changed. just to go back to the last seg him, jonathan was saying the tea party has people in washington. there is elizabeth warren. i think if it's going to come, it's going to to him in the next few year
. >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no...
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Dec 5, 2013
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as they were concentrated on deficit reduction and did not see the connection between deficit reduction and growth. they thought deficit reduction was a great policy. that was the mistake. they could not think in these dynamic terms. thaty do you not think this recovery will become a more broad-based recovery? there is some evidence that the export story is improving, manufacturing data has been improving. that data -- they are largely u.k. generated. it is internal rather than export. basic have to go back to theory. there are two drivers of economic growth. investment and there is consumption. you have got to look at what is happening to both of those components. and then you have to ask what are the chances that they will grow. i do not think investment -- it may have picked up a little bit. it is still very much lower than it was in 2007 in 2008. as for consumption, there has been a big decline in real earnings. over the last five years. >> how do we deal with that? this could come back to the tax story. >> that comes back to the tax story, it comes back to the way national insuranc
as they were concentrated on deficit reduction and did not see the connection between deficit reduction and growth. they thought deficit reduction was a great policy. that was the mistake. they could not think in these dynamic terms. thaty do you not think this recovery will become a more broad-based recovery? there is some evidence that the export story is improving, manufacturing data has been improving. that data -- they are largely u.k. generated. it is internal rather than export. basic...
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Dec 6, 2013
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they have a big current account deficit. if and when we see a beg effect on tapering, we may see them suffer. >> violence with the mines. this is a nation that has a lot of questions open. >> absolutely. he didn't solve everything but certainly i think things could have been far worse. >> and also the metamorphosis just as gorbachev was changing the world as well. >> he shifted in four years. the castro bothers, 50 years, they still haven't. >> it's nice seeing you down here. >> you, too. >> as massive ice storm is moving across the country bringing freezing rain, snow, sleet and jim cantore joins us. >> reporter: thank you very much. normally in the east the sun comes back up and it warms up and everything melts. unfortunately it's only going to get colder. this morning we started out at 30 degrees and now it's all frozen and the same this evening is happening on the road. you'll notice the cake and the glaze, you have to pry this off. the salt and sand trucks are dealing with the main there owe fair -- thoroughfares. but m
they have a big current account deficit. if and when we see a beg effect on tapering, we may see them suffer. >> violence with the mines. this is a nation that has a lot of questions open. >> absolutely. he didn't solve everything but certainly i think things could have been far worse. >> and also the metamorphosis just as gorbachev was changing the world as well. >> he shifted in four years. the castro bothers, 50 years, they still haven't. >> it's nice seeing you...
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Dec 2, 2013
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the country's trade balance swung to a surplus in october from a deficit in the previous month. moving on to currencies, the dollar is gaining momentum against the yen. dollar/yen currently changing hands at 102.78-81. analysts say rising long-term u.s. interest rates are helping boost buying in the u.s. currency. the euro/yen is being quoted at 139.21-24. >>> in other business news, u.s. online shopping giant amazon is hoping to bring the future a step closer. it's trying to deliver packages directly to your doorsteps using small unmanned aircraft. the company has unveiled a test video of a small drone with eight propellers carrying merchandise in a little box. the drone is equipped with a gps system. it can carry packageswaring up to 2.3 kill am gras each. the company aims to deliver packages from distribution centers within 30 minutes. ceo jeff bezos says this is no science fiction. he says the service could be technically ready in four to five years. but bezos adds that u.s. aviation authorities will need to drop regulations for unmanned aircraft before such a service could
the country's trade balance swung to a surplus in october from a deficit in the previous month. moving on to currencies, the dollar is gaining momentum against the yen. dollar/yen currently changing hands at 102.78-81. analysts say rising long-term u.s. interest rates are helping boost buying in the u.s. currency. the euro/yen is being quoted at 139.21-24. >>> in other business news, u.s. online shopping giant amazon is hoping to bring the future a step closer. it's trying to deliver...
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has been borrowing money and using deficit financing for years. this is not a bankruptcy like jefferson county, alabama which is a single transaction. this is a city that is structurally solvent meaning it spends more than has coming in and accumulated debt that it can't pay back. connell: this portion of it jeff was referencing, refused to go farther than people thought with regard to pensioners. they get no more favorable standing than other creditors do. jeff says that could have implications for other places. >> it could have implications but those places have to be in bankruptcy. at this point you have two dozen states where state court rulings or constitutions protect pensions, not only what you already earned but anything you might turn going forward which is far greater protection than anyone has in the private sector.% so you still have to be in bankruptcy for this to apply and right now we don't have a lot of cities tumbling into bankruptcy. dagen: will it encourage them and push municipalities toward this? >> it is a very interesting su
has been borrowing money and using deficit financing for years. this is not a bankruptcy like jefferson county, alabama which is a single transaction. this is a city that is structurally solvent meaning it spends more than has coming in and accumulated debt that it can't pay back. connell: this portion of it jeff was referencing, refused to go farther than people thought with regard to pensioners. they get no more favorable standing than other creditors do. jeff says that could have...
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Dec 9, 2013
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but it wouldn't have much deficit reduction. it would not go after any of the hot button items like social security or medicare, which need to be dealt with over the long-run. it wouldn't close any tax loopholes. those things have proven too partisan for these budget negotiators to tackle. yesterday, in the nfl, the kicker for the denver broncos made a 64-yard field goal. record for the nfl. this is more like a 6-yard field goal. they haven't kicked it yet. i do think they will before congress goes home. it is a minimum achievement for people to cheer about. >> john, it is interesting when you talk about some of the little sticking points here. one is the benefits for the long-term unemployed. that is making up a record percentage of the people in this country who are unemployed. do you get the sense that congress is looking at the jobs report and saying, hey, maybe we shouldn't move the needle on that right now? >> i think that is difficult in part, because when you look at the size of this deal, we are only talking about $90 b
but it wouldn't have much deficit reduction. it would not go after any of the hot button items like social security or medicare, which need to be dealt with over the long-run. it wouldn't close any tax loopholes. those things have proven too partisan for these budget negotiators to tackle. yesterday, in the nfl, the kicker for the denver broncos made a 64-yard field goal. record for the nfl. this is more like a 6-yard field goal. they haven't kicked it yet. i do think they will before congress...
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it doesn't have a lot of opposition, wouldn't add a dime to the deficit and congress should waste no time in enacting get. ashley: the problem is congress is embroiled in these budget battles that get pushed back two or three month. could this get lost in the shuffle as they deal with a bigger budget? >> we are hopeful that because this has such strong public support it has bipartisan support which is increasingly rare these days. we are hopeful that congress will take it up but it could get lost in the shuffle. ashley: this is a huge hit economy, any numbers over the last year 700,000 yorker's saved $330 million for this benefit. if they lose, that is money taken out of people's pockets and that has to hurt the economy. >> exactly right. this benefit is also good for businesses. people take transit to work save their employers through this tax benefit $300 million in 2010 alone. and letting just the transit portion of this benefit be cut in half, creates an unlevel playing field. if you are a business where a large number of your employees takes public transit to work you are at a d
it doesn't have a lot of opposition, wouldn't add a dime to the deficit and congress should waste no time in enacting get. ashley: the problem is congress is embroiled in these budget battles that get pushed back two or three month. could this get lost in the shuffle as they deal with a bigger budget? >> we are hopeful that because this has such strong public support it has bipartisan support which is increasingly rare these days. we are hopeful that congress will take it up but it could...
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Dec 4, 2013
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you'll see the deficit fall from about 120 billion to about 105, 110 billion. you've got a number of policies in place. you've got things like the energy prices. some of those green measures being brought into general taxation. you've got free lunches, the free zone fuel duty. >> i've got free lunches? have i? >> you specifically, the government has targeted you. you also might get a few bits of tinkering around the edges. >> i don't know if i want someone to tinker around my edges. >> especially after a free lunch. >> is that why you get the free lunch? okay. i see what the price is now. >> now, you might get an announcement that they're going to start a second wave of privatization. that's going to be a retail offering. you might hear something on rbs or the bank levy and you might get some things like foreign owners in the property in the uk harder with capital gains tax. so little bits and pieces. a free zone business trade. >> thanks for that. plenty more to come. of course, we have extended programming tomorrow for the chancellor's autumn statement and it
you'll see the deficit fall from about 120 billion to about 105, 110 billion. you've got a number of policies in place. you've got things like the energy prices. some of those green measures being brought into general taxation. you've got free lunches, the free zone fuel duty. >> i've got free lunches? have i? >> you specifically, the government has targeted you. you also might get a few bits of tinkering around the edges. >> i don't know if i want someone to tinker around my...
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Dec 6, 2013
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$100 million in new savings, it would be a mix of fee revenues and pension cuts to help reduce the deficit, help ease the sequester. from reading the take the journal has, they're pretty close. there's some issues remaining, but it could come as early as next week. we still have people coming in and talking about -- >> you've read that headline before, joe. down to the last most difficult item. >> these are small items, though. we're not trying to do anything. i think both sides, we're agreeing to disagree. this would put us past the next election. we will be through another election to see -- you know, to get another chance to vote on it. >> yeah. >> in wall street news, reports say eddie lampert is facing an exodus to his hedge fund. lampert has reduced the reduction technique before. we should point out that just this morning, the news has become officials. lands' end, that spin-off that we've been talking about from some time for sears holding, it, look like the board needs to make a final stage, but sears holding has filed this registration statement saying it is looking to go ahead a
$100 million in new savings, it would be a mix of fee revenues and pension cuts to help reduce the deficit, help ease the sequester. from reading the take the journal has, they're pretty close. there's some issues remaining, but it could come as early as next week. we still have people coming in and talking about -- >> you've read that headline before, joe. down to the last most difficult item. >> these are small items, though. we're not trying to do anything. i think both sides,...
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Dec 9, 2013
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we have all budget surplus, i walked in with a budget deficit, i now have a $1.2 billion surplus. we're making our economy the opportunity economy where, you know, if you want to build a business, you can -- and you want to get a job, you come to florida. >> your unemployment rate has dropped quicker than any other state, i know that. and you're now -- >> 6.7 -- >> which is below, we got down to -- >> 7%. >> i don't know, yeah. anyway, you're at 6.7%, were you higher? i would think you'd always be below. >> unemployment went from 3.5% to 11.1%. >> where was the national average? >> 9%. >> never got above -- >> i think it was nine when i came -- >> maybe ten. >> i think it was nine when i came in. in the month of october, we generated private sector jobs, my good friend governor perry, only had 12,000 jobs. >> oh, you two guys go at each other. i see that a lot. that's a great rivalry. almost like a football -- >> he was number one. what do you want to be? i want to be number one. so i go after number one. >> what's the minimum wage? >> it's $7.67. >> is that a way to help with dis
we have all budget surplus, i walked in with a budget deficit, i now have a $1.2 billion surplus. we're making our economy the opportunity economy where, you know, if you want to build a business, you can -- and you want to get a job, you come to florida. >> your unemployment rate has dropped quicker than any other state, i know that. and you're now -- >> 6.7 -- >> which is below, we got down to -- >> 7%. >> i don't know, yeah. anyway, you're at 6.7%, were you...
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141
Dec 10, 2013
12/13
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CNBC
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reduction, maybe $20 billion of deficit reduction, but we're not at the goal line yet. members have been meeting, their staff has been meeting. a lot of members have gone to south africa for the mandela funeral as president obama and president bush did. you have the snow day in washington where because of that relatively modest snowstorm by the standards of many people in the midwest and other parts that get a lot of snow, it nevertheless shut down the federal government. talks are going on. we're in a last-minute posturing phase where republicans are saying you've got to have this amount of deficit reduction in order for us to agree to the deal and democrats are saying, including people like steny hoyer saying you can't take as much out of retirement as you're going to take. i do think it will get done. they had originally planned to announce the deal today and vote on it on thursday. i think that time frame could slip a little bit, at least on the announcement part. we'll see whether they can get it done by the end of the week and go home and tell their constituents t
reduction, maybe $20 billion of deficit reduction, but we're not at the goal line yet. members have been meeting, their staff has been meeting. a lot of members have gone to south africa for the mandela funeral as president obama and president bush did. you have the snow day in washington where because of that relatively modest snowstorm by the standards of many people in the midwest and other parts that get a lot of snow, it nevertheless shut down the federal government. talks are going on....
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493
Dec 3, 2013
12/13
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CSPAN
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no increase in the deficit. we already know that this bill is going to cost some two or three times what it was purported to cost. and i think the most famous one we've all heard now enough times, you like your doctor you can keep it. if you like your health insurance plan you can keep it. not true. we were tasked on the republican study committee, health committee, to come up with a market-centered approach to health care, which would include no new taxes, no mandate, maintaining the doctor-patient relationship. it's a short bill of 180 pages. it's been reviewed back during the bush administration to increase by nine million to 11 million people who would have health insurance and we think far more than that and there are six titles to this bill, very simple to understand, one is to overturn the affordable care act. that's number one. number two, equalize the tax treatment between an individual and company. what does that mean? i'll use myself as an example. when i worked for my medical group my health insuranc
no increase in the deficit. we already know that this bill is going to cost some two or three times what it was purported to cost. and i think the most famous one we've all heard now enough times, you like your doctor you can keep it. if you like your health insurance plan you can keep it. not true. we were tasked on the republican study committee, health committee, to come up with a market-centered approach to health care, which would include no new taxes, no mandate, maintaining the...
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132
Dec 3, 2013
12/13
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CSPAN2
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no one looks even though as it's important as the budgetary deficit is the commercial deficits. minus 67 billion euros for france in 2012 when the gemini surface is 188 billion euros. what does that mean? it means that our economy is totally unbalanced. we produce less and less so we have two import a growing part of what we consume and as a consequence we run a growing deficit and factories are closing. we consume but others are producing. the french crisis is not a crisis of demand. it is a crisis of supply, like in other countries in europe. our capacity to consume is not the problem because of the welfare state. what is the problem is our capacity to produce and sell more goods and services in france. so we will be able to get rid of this spiral we are stuck and only if we manage to change. for a long time friends nurse demand by the development of public employment and redistribution. all this was financed by ever-growing taxes. now this cannot function anymore. we have to change it radically and that is exactly the program we are working on and we will have to change that
no one looks even though as it's important as the budgetary deficit is the commercial deficits. minus 67 billion euros for france in 2012 when the gemini surface is 188 billion euros. what does that mean? it means that our economy is totally unbalanced. we produce less and less so we have two import a growing part of what we consume and as a consequence we run a growing deficit and factories are closing. we consume but others are producing. the french crisis is not a crisis of demand. it is a...
387
387
Dec 4, 2013
12/13
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CNNW
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the possibilities of how to cut the deficit, that's all been discussed over and over ad nauseam again. if we talk about spectrum sales one more time, i think people will start passing out. it's all about the political will. is the political will there this time? >> the calculation has been the pain will inspire political will. we haven't seen this before. every time people say it's going to be fine, we're not going to have a shutdown or play chicken with the fiscal cliff and we do. here's what's perhaps a little bit different, the fact they're negotiating in good faith in private is good. the question will be can republicans accept any revenues from closed loopholes or is that off hand? >> they need to cut. they're on solid ground in terms of wanting to cut. they voted for the sequester. that was a mistake. i like the quiet. >> reality check here, both the democrat and republican version are austerity budgets, the question to what degree. >> hopefully they do the smart thing administratively and give the power of cutting back to the agencies. these guys shouldn't be figuring what cuts
the possibilities of how to cut the deficit, that's all been discussed over and over ad nauseam again. if we talk about spectrum sales one more time, i think people will start passing out. it's all about the political will. is the political will there this time? >> the calculation has been the pain will inspire political will. we haven't seen this before. every time people say it's going to be fine, we're not going to have a shutdown or play chicken with the fiscal cliff and we do. here's...